Renovated Single-Tenant Dialysis
For Sale
Contact for pricing
1822 Senator Miller Drive, Hillsboro, IL 62049
Renovated dialysis center with eight stations, DaVita PD offices, and a home training unit under a long-term double-net lease.
Property Size5,207 SF
Days on Market119
Property Features for 1822 Senator Miller Drive
General Information
Standard status
Active
Size
5,207 SF
Property subtype
Retail, Office, Land
Additional Details
Cap Rate
6.25%
Building Details
Year Renovated
2016
Tenancy
Single
Listing Agency:
Peranich Huffman Net Lease Group Dallas
Listed By:
Nathan Huffman · License #TX 553697
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 6:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peranich Huffman Net Lease Group Dallas
Investment Insights
Based on property information with market context.
Offered for sale on an exclusive basis, this single-tenant net leased dialysis facility was renovated in early 2016. The 5,207-square-foot condominium is leased on a corporately guaranteed, long-term double-net basis to DaVita’s parent company, DaVita Healthcare Partners, Inc. The facility includes eight stations, as well as DaVita PD offices and their home training unit.
Under the double-net structure, the landlord is responsible for the repair and replacement of the roof, structure, and parking areas, with reimbursement for repairs to the parking area and roof, plus replacement costs on an amortized basis. The tenant is responsible for HVAC and maintenance of the premises. In addition to base rent, the tenant pays a management fee of $2,250 per year, and there is no third-party management in place.
This property is presented to investors as a stabilized net lease with a national healthcare operator tenant.
Under the double-net structure, the landlord is responsible for the repair and replacement of the roof, structure, and parking areas, with reimbursement for repairs to the parking area and roof, plus replacement costs on an amortized basis. The tenant is responsible for HVAC and maintenance of the premises. In addition to base rent, the tenant pays a management fee of $2,250 per year, and there is no third-party management in place.
This property is presented to investors as a stabilized net lease with a national healthcare operator tenant.
Key Highlights
- Single‑tenant, net leased 5,207 SF DaVita dialysis facility in Hillsboro, Illinois.
- Renovated in early 2016 and leased on a corporately guaranteed, long‑term double‑net basis to DaVita Healthcare Partners, Inc.
- Tenant area includes eight dialysis stations plus DaVita PD offices and a home training unit.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 62049, IL
7,952
Population
2,970
Households
2.7
Avg Household Size
42
Median Age
14%
College-Educated
87%
High-School Grad
82.1 sq mi
ZIP Area
97
Density / Sq Mi
$54,767
Median Household Income
$36,264
Median Earnings
$817
Median Rent
$106,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical center - Renovated dialysis center with eight stations, DaVita PD offices, and a home training unit under a long-term double-net lease.
Where is this medical center located?
The property is located at 1822 Senator Miller Drive Hillsboro, IL.
What are key features of this property?
This property features: Single‑tenant, net leased 5,207 SF DaVita dialysis facility in Hillsboro, Illinois.; Renovated in early 2016 and leased on a corporately guaranteed, long‑term double‑net basis to DaVita Healthcare Partners, Inc.; Tenant area includes eight dialysis stations plus DaVita PD offices and a home training unit.
